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| --- | --- | --- |
|   | (b) | If an Event of Loss occurs after Delivery, Lessee will pay the Agreed Value to Lessor on or prior to the earlier of (i) one hundred twenty (120) days after the Event of Loss and
(ii) within two (2) Business Days after the date of receipt of insurance proceeds in respect of that Event of Loss.  |

  




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| --- | --- | --- |
|   | (c) | Upon irrevocable payment in full to Lessor of the Agreed Value and all other amounts which are then due and payable to Lessor under the Lease, Lessor will, or will procure that
Owner will, without recourse or warranty (except as to the absence of Lessor Liens) transfer to Lessee or its designee or will procure that Owner transfers to Lessee or its designee legal and beneficial title, subject to no Lessor Liens (but
otherwise without warranty), to the Aircraft, on an AS IS, WHERE IS basis and will, at Lessee’s expense, execute and deliver or will procure that Owner executes and delivers, such bills of sale and other documents and instruments as Lessee may
reasonably request to evidence (on the public record or otherwise) such transfer, free and clear of all rights of Lessor and Owner and Lessor Liens.  |

  




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| --- | --- |
| 11.2 | **Requisition**  |

  

 During any requisition for use or hire of the Aircraft, any Engine or Part which does not constitute an Event of Loss: